Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for France
Annual, Not Seasonally Adjusted
LRAC74TTFRA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.20
Year-over-Year Change
0.98%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor costs per unit of real output in the manufacturing sector. It provides insight into productivity and inflationary pressures in the U.S. economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual, Not Seasonally Adjusted labor costs per unit of real output trend tracks changes in the cost of labor required to produce a unit of manufacturing output. It is a key indicator of productivity and can inform policymakers and analysts about potential inflationary risks.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
This metric is closely watched by the Federal Reserve and other policymakers to assess the state of the economy and guide monetary policy decisions.
Key Facts
- Manufacturing labor costs per unit of output have risen 2.5% annually on average over the past decade.
- Rising labor costs can contribute to higher consumer prices and influence the Federal Reserve's interest rate decisions.
- Tracking this metric helps economists assess the health of the manufacturing sector and broader economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor costs per unit of real output in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity and inflationary pressures in the manufacturing industry, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other policymakers to assess the state of the economy and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74TTFRA156N), retrieved from FRED.